Hanson McClain Inc. lowered its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,569 shares of the exchange traded fund’s stock after selling 6,329 shares during the quarter. Hanson McClain Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $4,843,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FDL. Virtu Financial LLC acquired a new position in First Trust Morningstar Dividend Leaders Index during the 4th quarter valued at about $1,037,000. Beacon Financial Group increased its stake in First Trust Morningstar Dividend Leaders Index by 1,467.7% during the 4th quarter. Beacon Financial Group now owns 311,399 shares of the exchange traded fund’s stock valued at $8,436,000 after buying an additional 291,536 shares during the period. We Are One Seven LLC increased its stake in First Trust Morningstar Dividend Leaders Index by 3.5% during the 4th quarter. We Are One Seven LLC now owns 15,949 shares of the exchange traded fund’s stock valued at $434,000 after buying an additional 542 shares during the period. JFS Wealth Advisors LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 2.1% in the 4th quarter. JFS Wealth Advisors LLC now owns 428,547 shares of the exchange traded fund’s stock worth $11,674,000 after purchasing an additional 8,614 shares during the last quarter. Finally, D.A. Davidson & CO. grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 56.8% in the 4th quarter. D.A. Davidson & CO. now owns 55,589 shares of the exchange traded fund’s stock worth $1,514,000 after purchasing an additional 20,143 shares during the last quarter.

Shares of FDL traded up $0.26 during mid-day trading on Thursday, hitting $30.43. The company’s stock had a trading volume of 168 shares, compared to its average volume of 196,518. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $25.76 and a fifty-two week high of $30.59.

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First Trust Morningstar Dividend Leaders Index Profile

First Trust Morningstar Dividend Leaders Index Fund, seeks investment results that correspond generally to the price and yield of an equity index called the Morningstar Dividend Leaders Index (the Index). The Fund will invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the Index.

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Institutional Ownership by Quarter for First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

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